Dont order! Put the press to Tesla to drop Price!

[Fleetwood75]

Foundation trucks are more than 99k pretty sure.

Foundation Series AWD is exactly $99,999. And that’s what I plan to buy if they offer it to me because I have $99,999 to spend. Whoever doesn’t have that to spend can either wait or find a way to make that extra money. I busted my rear end working hard for the past 25 years to bring my income up to where I can afford such things and so I’m going to cash in on all of that hard work by getting the thing that I want that much sooner than everybody else (if Tesla will invite me to that is. Tesla, please take my money!)

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[Fleetwood75]

I don’t remember them promising to honor the 2019 prices. In fact it would be crazy to do so what with all of the inflation that has occurred between now and then. I’ll bet there are more than $39,999 worth of just materials alone on a Cybertruck in 2023

 

[awhehackeur]

IMO: for those with the low RN number, continue to hold on to your reservation until Tesla cancels it. Hopefully, you will have your chance to configure your CT at the price you intend to invest in before the forced cancellation. Prices will eventually drop gradually over time. Patience is a virtual!

 

[Startreknerd]

This guy said one thing, did another. 30k more?!!! Frustrated? Yep. What's 2, 3 months wait. Make them sweat! We can make that price drop by an epic massive move. DONT ORDER!!! It's what needs to be done. Right now can't even order what we want. Pressed to buy the 99k Foundation? No way. Only a few will. 1k only? Ha, they'll keep pushing that one til the cows dried up and dead. Let's do this!!! call me crazy or whatever you want...go....

Reaming incoming.

 

[Startreknerd]

I don’t remember them promising to honor the 2019 prices. In fact it would be crazy to do so what with all of the inflation that has occurred between now and then. I’ll bet there are more than $39,999 worth of just materials alone on a Cybertruck in 2023

To be fair. Inflation is only up 19.6% since Nov 2019 (to October 2023). Prices are up 52%, 60%, and 23% for RWD, Dual, and Tri respectively.

The rest is likely because of dual steer, more powerful motors for faster 0-60 times, and complexities of 30x that they didn't anticipate.

Hopefully (as a shareholder) the margin is also very high. And they have wiggle room to lower prices to stay competitive.

 

[davelloydbrown]

in 2022, Ford sold 15,617 lightnings and Rivian sold 20,332 electric trucks. This is the annual demand for 80-100 k electric trucks (apparently there are lots of lightnings sitting on lots, they are getting discounted and cutting back on production)

Once the CT hype dies down in about a couple of months, this is the current market for electric trucks.

https://www.barrons.com/articles/ford-f150-lightning-sales-december-51672932657

 

[NiceCybertruck]

One thing that doesn't seem to be taken into consideration...Tesla had to Invent/create, and I am using the words loosely, a whole lot of new processes to bring this Truck to market. They have to take into account the Giga-Press cost, the process of making the new steel that was created for this vehicle, also the way the steel is formed. These are all new ways of doing things for not only Tesla, but any other Manufacturer, and we are talking about a fairly new Company. Sure simpler forms of everything I said previously has been done, but not all, for 1 vehicle, let alone a all-new vehicle, at least to my knowledge. A lot of new'ish Tech has gone into the creation of this Beautiful Beast we call the CyberTruck... so, please, let's take a deep breath, and be patient. The prices will come down.

 

[Feathermerchant]

Yall need to watch this video. This truck is not comparable to Ford or Chevy, or Rivian.

 

[Celiboy]

I agree and after a nearly 5 year wait, those with the money to buy, even if they weren’t necessarily going to spend that much will. I’m one of them. There are a lot of Cybertruck Owners groups online in every state and then some so a few people in this group holding off on buying one isn’t even gonna register to Tesla. If you have to skip your turn or wait for other reasons, I completely understand. Thinking that a multibillion dollar company is gonna be affected by even a 100 people choosing not to buy, then lower pricing as a result is just naive.

 

[Madaven818]

No

I think he’s being Sardonic

 

[HaulingAss]

anyone who knows anything about Tesla knows that they always make "signature" or "founders" edition series on their flagship cars (i.e. Model S/X etc...), and these are higher priced bc of the limited quantity/early adoption nature of these cars.

so these foundation series CT cars should not come as a surprise.

The OP has a good point. Tesla is using the Foundation Series take rate to judge the strength of demand. Remember, the pricing announced at the delivery event was prefixed by "est.".

The fewer people who buy, the lower the price will be when it is no longer "est.".

Also, I would like to put a little different spin on the comment by @CyberGus ;

"You know when you hear about people that lived simply and modestly, and died with millions in the bank?
I do not want to be that guy"

As someone who understands the magic of compounding investment gains over the years, I can assure you this comment consists of wise words to older people with more than they need and very short-sighted words to a younger person trying to build a retirement fund.

If you are frugal when young, and you save and invest wisely, there will come a point when you have so much more than you need that you can spend lavishly for the rest of your life without spending down your retirement below zero, ever. It's a very good thing to live frugally and save aggressively when young, that should be an easy decision. The hard part is deciding when to retire if you have not saved enough. If you have more than you need, everything becomes much easier.

The price of Cybertruck will come down, certainly the additional $20K price of the Foundation Series is excessive for anyone without money to burn, no matter how badly you want to be the first person in your town to get your sweaty little palms on the most revolutionary pickup ever released. I get it. But it's peanuts for someone who has compounding wealth. Just remember, the price *will* come down. It's not a matter of the truck not being desirable, it's a matter of reaching a large enough addressable market.

Financial decisions like this determine the course of your financial future. The only obligation to not buy an ex,cessively expensive truck should be to yourself and your family, not to try to force the price lower (which will happen anyway).

In short, if you have more money than you know what to do with, go ahead, you've earned it, if not, think towards the future of you and your family. Rash decisions now might be fun for a short time but the truck you drive is not what defines a man. Character is not something you can buy. Money compounds, don't waste it too early in life or you will never be free!

Do you want to be an indentured servant or a free spirit?

 

[HaulingAss]

in 2022, Ford sold 15,617 lightnings and Rivian sold 20,332 electric trucks. This is the annual demand for 80-100 k electric trucks (apparently there are lots of lightnings sitting on lots, they are getting discounted and cutting back on production)

Once the CT hype dies down in about a couple of months, this is the current market for electric trucks.

https://www.barrons.com/articles/ford-f150-lightning-sales-december-51672932657

The size of the market for expensive trucks is dependent upon what you get for your money. Just as the Model 3 greatly expanded the size of the premium sedan market, so will Cybertruck greatly expand the market for trucks costing $60K or more. I felt the F-150 Lightning was a particularly poor value, mostly because I already have an F-150 and I hate the way it drives (which is largely due to it's body on frame contruction). I would pay a lot more for a better truck and so would a lot of other people who are not cash constrained.

Also, the sales of expensive electric trucks, the R1T and F-150 Lightning, would have been much higher at the published prices, probably 3-4 times higher, had production been greater. There was an issue with supply which caused the real prices and/or wait times to go up which dampened demand. People underestimate how difficult volume production is. 20K electric trucks in one year might not sound like a lot for the second year of production but try telling that to RJ Scaringe!

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